UI Tax Relief

We applaud the Governor and Legislature for approving SB 5061 to reduce skyrocketing unemployment insurance taxes brought on by record unemployment assistance during the COVID-19 pandemic. We urge action on necessary further relief according to guiding principles. These are protecting employer experience ratings; not holding employers liable for Employment Security Department funds lost to organized theft from the trust fund; the injection of state and federal funds into the trust fund to avoid increases in employer taxes; and not applying for a federal loan for which employers would be responsible for repayment to replenish the trust fund.